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origo partners plc (OPP) Details

Origo Partners PLC is a private equity and venture capital firm specializing in early venture, mid venture, late venture, growth-stage and green-field investments, and resource acquisitions. It invests in pre-IPO and IPO opportunities; expansion stage; and special situations and co-investments; and PIPE's and spin-offs of public companies. The firm provides strategic business consultancy related to fundraisings, M&A, and strategic development. It has a significant portfolio of investments in a range of industrial sectors, including metals and mining, agriculture, renewable energy or clean technology, information technology, telecommunications and media. The firm makes investments in the natural resource sector with a focus on metals and minerals, mobile applications and content, art and paper products, forestry and agriculture, food and beverage, online gaming, anti-virus software, forest products such as paper and pulp, bio-energy feed-stocks, water, fossil based fuels (such as oil, coal, and gas) for reserve and concession rights; alternative energies (such as bio-energy, wind, hydro, thermo and solar power) for distribution/operations; the value-chain or value-added processing and manufacturing encompassing resource acquisitions, extraction, refinement and beneficiation; value-added manufacturing; build, own, operate and transfer models; and technologies, solutions and services related thereto. For its mining space and metal sectors, it seeks to invest in earlier stage-opportunities. The firm targets investments in companies based in India, Mongolia, China, Africa, South-American, South East Asia, and around the world with significant exposure to Chinese export markets. In Mongolia, it focuses its investments on coking coal, copper, gold, iron ore and related infrastructure opportunities. The firm typically invests between $3 million and $20 million in companies having revenues between $10 million and $300 million. It seeks to acquire substantial minority interests, holding between 10 and 40 per cent of the portfolio company. However, the firm takes both minority and majority stakes, depending on the nature of any particular opportunity. It typically holds its investments between three to five years, but varies depending on investment type. However, the firm holds its growth investments for a period between 18 months and 24 months; pre-IPO opportunities for a period between 6 months and 18 months; expansion stage for a period between 18 months and 36 months; special situations and co-investment for a period between 24 months and 48 months; and green-field investments and resource acquisitions between 24 months and 48 months. It seeks to exit through IPOs, trade sales to other strategic or institutional investors, redemptions, buy-backs, and or management buy-outs and aims to achieve an IRR of at least 25 per cent in its portfolio company. The firm makes investment not exceeding 20% of the Net Asset Value of the portfolio company at the time of investment. However, it may consider investments which represent a larger proportion of the Net Asset Value of the Company. Origo Partners PLC was founded in 2006 and is based in Beijing, China with additional offices in Chaoyang District, China; Douglas, Isle of Man; London, United Kingdom; and Ulan Bator, Mongolia.

Origo Partners PLC reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported investment loss of $25,547,000 compared to $37,120,000 a year ago. Net loss before finance costs and taxation was $28,087,000 compared to $42,217,000 a year ago. Loss before tax was $30,611,000 compared to $40,121,000 a year ago. Loss after tax was $30,549,000 compared to $40,155,000 a year ago. Loss after tax attributable to owners of the parent was $30,670,000 compared to $40,015,000 a year ago. Basic and diluted LPS were 8.80 cents compared to 11.52 cents a year ago. Net cash outflow from operations was $147,000 compared to $7,937,000 a year ago. Purchases of property, plant and equipment were $2,000 compared to $3,000 a year ago. Net asset value per share of was $0.26.

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